Recessions and depressions are defined by decreases in GDP, with a decrease of 10% or more for at least one year indicating a depression. Jobless recovery can occur when GDP returns to normal without creating new jobs. This can cause long-term problems for the unemployed worker and may not be a true recovery. Recessions and […]
Displaced workers are those who have lost their jobs through no fault of their own, often due to industry decline or natural disasters. Financial assistance and retraining programs are available, but finding new employment can be difficult and may require working for lower pay. Even top performers may be let go during mass layoffs, and […]
Displaced workers are those who lost their jobs through no fault of their own and have little chance of returning to their former profession, often due to low demand for the job. Natural disasters can also displace workers. Governments and charities offer temporary financial assistance, but the emphasis is on returning workers to the workforce […]
Initial unemployment claims are used by governments and economists to monitor the state of unemployment and make predictions on economic issues. Unemployment benefits are funded by a small percentage of citizens’ paychecks and are needed to cushion the impact of an economic decline. Rising unemployment weakens a country’s currency and affects consumer spending. An initial […]
Unemployment insurance appeals allow individuals and employers to challenge decisions made by unemployment agencies regarding benefits. The process varies by jurisdiction, with each state in the US establishing its own appeals process. To qualify for benefits, individuals must show they are unemployed through no fault of their own and earned enough money to participate in […]
Unemployment benefits are offered in many countries, including Canada, Argentina, the UK, Japan, and the US. To receive benefits, individuals must file an initial claim and actively seek future employment. Weekly claims must be filed to determine eligibility, and benefits are determined by income and length of employment. Benefits are determined by general unemployment rates. […]
Employers pay state unemployment tax to fund unemployment compensation funds, which provide a living allowance to eligible unemployed workers. The state unemployment tax is based on a percentage of the company’s gross payroll, with varying fees and thresholds by state and company. Unemployment compensation is not indefinite and recipients must actively seek work. Employers pay […]
A jobless recovery occurs when GDP returns to normal without creating new jobs or restoring those who have lost them. Companies may automate or outsource to increase production, but in severe cases, a lack of spending power can make it difficult to achieve acceptable levels of GDP. The jobless recovery can cause long-term problems for […]
Unemployment benefits are monetary compensation provided by governments to eligible individuals who become unemployed through no fault of their own. Benefits vary by jurisdiction and location, and are designed to help people with basic needs while they search for gainful employment. Eligibility requirements and payment periods also vary, and workers must actively search for work […]
Many countries offer unemployment benefits to displaced workers, requiring an initial application and weekly claims to demonstrate active job seeking. Benefits and length of time vary by jurisdiction and are determined by income and overall unemployment rates. Many countries, including Canada, Argentina, the United Kingdom, Japan and the United States, offer unemployment benefits to displaced […]
